TRADING TIPS :
EUR/USD was down 0.52% at 1.2319, up
from a session low of 1.2302 and off a high of 1.2391.The pair was
likely to find support at 1.2293, the low from Aug. 20, 2012, and
resistance at 1.2507. The euro weakened to two-year lows against an
advancing dollar on Wednesday after a widely-watched gauge of the
U.S. service sector beat expectations and fueled sentiments that
recovery continues to gain momentum.Analysts had expected the index
to inch up to 57.5 in November, and the better-than-expected report
kept expectations firm that the Federal Reserve will move to hike
interest rates next year.The overall weak data added to pressure on
the European Central Bank.
INTRADAY
OUTLOOK
Support:
1.2304
Resistance:
1.2354
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2356-TG:1.2376/1.2403 SL 1.2326
2.
Sell EUR/USD Below 1.2300-TG:1.2280/1.2250 SL 1.2330
INTRADAY
OUTLOOK
Immediate
Support: 119.62
Immediate
Resistance: 120.12
RECOMMENDATION:
1.
Buy USD/JPY Above 120.15-TG:120.35/120.65 SL 119.85
2.
Sell USD/JPY Below 119.60-TG:119.40/119.10 SL 119.90
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